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Loan Participations Payable, net (Tables)
 3 Months Ended
Mar. 31, 2020
Transfers and Servicing [Abstract]  
Schedule of loan participations payable

The Company's loan participations payable, net were as follows ($ in thousands):
 
 
Carrying Value as of
 
 
March 31, 2020
 
December 31, 2019
Loan participations payable(1)
 
$
37,892

 
$
35,656

Debt premiums, discounts and deferred financing costs, net
 
(125
)
 
(18
)
Total loan participations payable, net
 
$
37,767

 
$
35,638

_______________________________________________________________________________
(1)
As of March 31, 2020 and December 31, 2019, the Company had one loan participation payable with an interest rate of 6.0% and 6.3%, respectively.